• On December 23, 2025, Ramaco Resources announced that its Board had authorized a share repurchase program of up to US$100,000,000 of Class A common stock over 24 months, following more than US$600,000,000 in capital raised in the second half of 2025.
• This sizable buyback, alongside CEO Randall Atkins’ new role on the re-established National Coal Council, underscores management’s confidence and growing policy influence around coal and critical minerals.
• We’ll now explore how this sizeable share repurchase authorization could influence Ramaco Resources’ investment narrative and capital allocation priorities.

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Ramaco Resources Investment Narrative Recap

To own Ramaco Resources, you need to believe that its metallurgical coal operations can fund a credible transition into rare earths and critical minerals. The new US$100,000,000 buyback signals confidence but does not fundamentally change the key near term catalyst, which remains execution at Brook Mine, or the main risk, which is heavy reliance on supportive policy and pricing for the rare earths business.

The most relevant recent development is the December 23, 2025 memorandum of understanding with Mulberry Industries for potential rare earth oxide offtake from Brook Mine. This agreement speaks directly to the core catalyst of converting Ramaco’s rare earth resource and pilot work into contracted demand, while also highlighting the risk that, without sufficient long term offtake like this, new critical mineral capacity could be underutilized.

Yet behind the buyback and policy appointments, investors should be aware of the policy risk around rare earth price supports and offtake...

Ramaco Resources' narrative projects $877.8 million revenue and $134.6 million earnings by 2028. This requires 11.9% yearly revenue growth and a $154.5 million earnings increase from -$19.9 million today.

Uncover how Ramaco Resources' forecasts yield a $39.14 fair value, a 76% upside to its current price.

Exploring Other Perspectives

Seven members of the Simply Wall St Community currently see Ramaco’s fair value between US$18.31 and US$39.14, reflecting a wide spread of expectations. When you set those against the central risk around future government support for rare earths, it underlines why many readers may want to compare several different scenarios for the business before forming a view.

Explore 7 other fair value estimates on Ramaco Resources - why the stock might be worth as much as 76% more than the current price!

Build Your Own Ramaco Resources Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Ramaco Resources research is our analysis highlighting 1 key reward and 2 important warning signs that could impact your investment decision.
• Our free Ramaco Resources research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Ramaco Resources' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.